Russia’s Post-Communist Economy

Peter Oppenheimer and Brigitte Evelyne Granville ()

World Economics, 2001, vol. 2, issue 1, pages 149-168

Abstract: Ten years after the break-up of the Soviet Union, Russia’s measured output was still showing a net decline of around 40 per cent – but with no comparable decline in average living standards, both because the output drop affected mainly the defence sectors and because Russia’s participation in international trade had increased. At the same time there was greater inequality. And despite expansion of small businesses and the service sector, industrial restructuring had made only slight progress. This reflected geographical problems as well as underdevelopment of key market institutions such as property rights, hard budget constraints and the banking system, which meant that capital and labour markets barely functioned.

Date: 2001
View citations in EconPapers

Downloads: (external link)
http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=51 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:wej:wldecn:51

Access Statistics for this article

More articles in World Economics from World Economics, Economic & Financial Publishing, PO Box 69, Henley-on-Thames, Oxfordshire, United Kingdom, RG9 1GB
Series data maintained by Ed Jones ().